Town & Country Bank Midwest

524 North 30th Street
Quincy, IL 62301

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 10460
Date Established 1910
Assets $0.19 billion
Loans $0.12 billion
Deposits $0.17 billion
Capital $0.02 billion

Town & Country Bank Midwest is an FDIC insured institution located in Quincy, IL. It was founded in 1910 and has approximately $0.19 billion in assets. Customers can open an account at one of its 6 branches.

For a more detailed analysis of Town & Country Bank Midwest's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - September 18, 2019

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.10% $2,500 - Learn MoreShow Less
Premium Money Market Account
0.50% $1 - Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.30% $1,000 - Learn MoreShow Less
6 Mo CD
0.60% $1,000 - Learn MoreShow Less
12 Mo CD
1.00% $1,000 - Learn MoreShow Less
18 Mo CD
1.10% $1,000 - Learn MoreShow Less
24 Mo CD
1.26% $1,000 - Learn MoreShow Less
36 Mo CD
1.41% $1,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
1.00% $1,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1,000 - Learn MoreShow Less

Loan Rates - September 18, 2019

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Town & Country Bank Midwest

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Connecticut 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
3.662% 3.625% 0.50 $1,130 $1,141 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info

Note to Town & Country Bank Midwest
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Branches

Town & Country Bank Midwest branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Town & Country Bank Midwest Locations


Financial Details

Town & Country Bank Midwest Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Town & Country Bank Midwest. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Town & Country Bank Midwest U.S. Bank Average
7.25% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2019, Town & Country Bank Midwest had $1,577,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $20,349,000 in equity and $1,410,000 in loans loss reserves. That gives it a Texas Ratio of 7.25%.

Return on Equity
Town & Country Bank Midwest U.S. Bank Average
21.73% 9.47%

Town & Country Bank Midwest has a Return on Equity of 21.73% versus the BestCashCow average of 9.47%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Town & Country Bank Midwest U.S. Bank Average
10.61% 12.49%

Town & Country Bank Midwest has a Capitalization of 10.61% versus the BestCashCow average of 12.49. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Town & Country Bank Midwest Balance Sheet Analysis

As of March 31, 2019, Town & Country Bank Midwest had assets of $191,738,000, loans of $122,743,000, and deposits of $171,040,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2019
ASSETS
Cash & Balances due from depository institutions $0.05 billion
Interest-bearing balances $0.04 billion
Total securities $0.01 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.12 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.01 billion
     Total Assets $0.17 billion
LIABILITIES
Total deposits $0.17 billion
      Interest-bearing deposits $0.11 billion
      Deposits held in domestic offices $0.17 billion
      % insured (estimated) 68.23%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.17 billion
      Shareholders’ Equity $0.02 billion

Summary Income Statement

March 31, 2019
INCOME AND EXPENSES
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

The top three loan types in Town & Country Bank Midwest’s loan portfolio are Commercial and Industrial Loans, 1-4 Family Residential Loans, and Commercial Real Estate.

Compared to other banks in Illinois, Town & Country Bank Midwest has a significantly higher percent of Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 23.18
Multifamily
Mortgages
2.17
Credit Card Loans 0.00
Consumer Auto Loans 0.57
Small Business Loans 0.00
Construction and Development Loans 2.71
Commercial Real Estate 22.55
Commercial and Industrial Loans 26.56
Farm Loans 8.63

Frequently Asked Questions About Town & Country Bank Midwest

Branches and Savings

Is Town & Country Bank Midwest FDIC insured?

Yes. It is covered under FDIC Certificate #10460.

Why does Town & Country Bank Midwest pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Town & Country Bank Midwest CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Town & Country Bank Midwest a commercial bank?

Yes

Where are Town & Country Bank Midwest locations?

See branch locations nearby.

Is Town & Country Bank Midwest open on Saturdays?

Is Town & Country Bank Midwest open on Sundays?

What time does Town & Country Bank Midwest open?

What time does Town & Country Bank Midwest close?

Are Town & Country Bank Midwest ATMs Open 24/7?

Do Town & Country Bank Midwest ATMs accept cash deposits?

Can Town & Country Bank Midwest customers use other ATMs?

Do Town & Country Bank Midwest branches have notaries?

Will Town & Country Bank Midwest notarize my document?

What address for Town & Country Bank Midwest should I put for incoming ACH transfers?

Will the Town & Country Bank Midwest branch print checks?

Do Town & Country Bank Midwest checks expire?

Does Town & Country Bank Midwest require US citizenship to open account?

Can Town & Country Bank Midwest close my account?

Does Town & Country Bank Midwest Report to credit bureaus?

Does Town & Country Bank Midwest Use Equifax?

What is Town & Country Bank Midwest's ACH Routing Number?

What is Town & Country Bank Midwest's SWIFT code?

Products

Does Town & Country Bank Midwest offer mortgages?

Compare mortgage rates here.

Does Town & Country Bank Midwest offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Town & Country Bank Midwest offer personal loans?

Compare personal loan rates here.

Does Town & Country Bank Midwest offer student loans?

Will Town & Country Bank Midwest cash a check?

Will Town & Country Bank Midwest redeem a savings bond?

Does Town & Country Bank Midwest cash savings bonds?

Will Town & Country Bank Midwest cash money orders?

Can Town & Country Bank Midwest issue a money order?

Does Town & Country Bank Midwest do currency exchange?

Background on The Bank

Who owns Town & Country Bank Midwest?

How long has Town & Country Bank Midwest been around?

Can Town & Country Bank Midwest transfer to other banks?

Does Town & Country Bank Midwest have quick pay?

Does Town & Country Bank Midwest accept rolled coins?

Will Town & Country Bank Midwest accept loose change?

Where is Town & Country Bank Midwest headquarters?

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